ALMATY (NBK press service) — The National Bank of Kazakhstan has decided to reduce the base rate to the level of 9.75% with a corridor of +/-1%.

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The decision on the reduction was based on the lower level of the actual inflation rate by the end of 2017 in contrast to the forecasted trajectory, the estimates of the further deceleration of the inflationary processes, the continuing weak recovery of the domestic demand, and also the favourable trends in the external markets.

The trend of the further easing of the monetary policy conditions will depend on the situation in the world markets and in the countries — main trade partners, stabilization of the positive trends in the domestic economy, which will determine the accordance of the forecasted inflation with that of the actual.